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Top Insider Trades 4/1/14: MBRG, TFM, IFT, PGLC

|Includes:EMG, Middleburg Financial Corporation (MBRG), PGLC, TFM

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, April 1, 2014 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Myhre Terry L DIR,BO Broadview Institute BVII JB* $4,900,000
Alta Partners VIII BO Applied Genetic AGTC JB* $1,867,740
Sokol David L BO Middleburg Finl MBRG B $1,079,092
Medimmune Ventures BO Applied Genetic AGTC JB* $908,820
Interwest Partners VIII BO Applied Genetic AGTC JB* $904,512
Carlock Craig CEO,DIR Fresh Market TFM B $661,600
Honig Barry C DIR,BO Pershing Gold PGLC B $331,500
Goldstein Phillip DIR,BO Imperial IFT B $320,589
State Auto Mut Ins BO State Auto Finl STFC B $309,138
Dakos Andrew DIR,BO Imperial IFT B $115,599

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Bain Capital DIR,BO Bright Horizons BFAM JS* $561,108,160
Gassner Peter P CEO,DIR,BO Veeva Systems VEEV JS* $50,724,000
Ramsey Craig BO Veeva Systems VEEV JS* $22,825,800
Maxted Brian F DIR Kosmos Energy KOS AS $4,423,238
Adderley Terence E CB,DIR,BO Kelly Services KELYA AS $4,300,943
Sherman John J DIR,BO Crestwood Midstream CMLP AS $2,236,470
Abraham Magid M CB Comscore SCOR AS $1,999,503
Faraci John V CB,CEO Intl Paper Co New IP AS $1,377,975
Elfers Jane T CEO,DIR Childrens Place PLCE AS $1,248,095
Donahue Thomas R VP,CFO,TR Federated Investors FII S $1,223,442

Source: | Key to Insider Title and Trans Type Codes